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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (320441)1/12/2007 7:06:19 PM
From: TimF  Read Replies (1) | Respond to of 1585970
 
Tim, the percentage now is very close to the percentage it was back in 1950.

Its not that close. And even if it was it would directly contradict your claim that it was beyond "any previously known dimensions".

So we know federal debt is at or near its high

Not only is it not that close to 1950s level, but 1950's level was the high. Your own link gives a rate for the all time peak (or at least the all time post civil war peak) that isn't much less then twice the current percentage of GDP.

I imagine then that there corporate and consumer debt is much smaller.

Possibly, particularly the consumer debt. I'd guess German's non government debt was lower, but the difference is most likely much less then some of your comments would imply.